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Data: The below data shows Gross Domestic Product Component of the United State of America. FRED. ~- (Personal Consumption Expenditures/Gross Domestic Product) 100 - (Gross

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Data: The below data shows Gross Domestic Product Component of the United State of America. FRED. ~- (Personal Consumption Expenditures/Gross Domestic Product) 100 - (Gross Private Domestic Investment/Gross Domestic Product)*100 - (Net exports of goods and services/Gross Domestic Product)* 100 (Government Consumption Expenditures and Gross Investment/Gross Domestic Product)*100 8 8 8 8 8 (Bil. of #/Bil. of $) 100 8 8 8 10 1930 1940 1950 1960 1970 1980 1990 2000 2010 2020 U.S. recessions are shaded, the most recent end date is undecided Source: U.S. Bureau of Economic Analysis fred.stlouisfed.org Figure 1: Gross Domestic Product Components, Expenditure Approach https://fred.stlouisfed.org/graph/?g=BTju Discuss: a. Over the last 60 years, what expenditure category has had the largest relative weight on U.S. GDP? And the smallest? b. How did World War II (1939-1945) affect the composition of GDP according to the expenditure approach? Why would that be so

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